Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 12-Month High – Still a Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.77 and last traded at $58.91, with a volume of 7029 shares trading hands. The stock had previously closed at $58.21.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

The firm has a market cap of $1.80 billion, a P/E ratio of 16.69 and a beta of 0.98. The firm’s 50 day moving average is $56.92 and its 200 day moving average is $56.90.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

A number of hedge funds have recently made changes to their positions in FLQM. Fifth Third Bancorp purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $50,000. Comerica Bank purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $51,000. Richards Merrill & Peterson Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter valued at $52,000. NewEdge Advisors LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after acquiring an additional 326 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock worth $97,000 after acquiring an additional 221 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.